STAAR Surgical Company (STAA)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.15 | 5.27 | 5.96 | 6.03 | 4.75 | |
| Number of days of payables | days | 70.93 | 69.26 | 61.25 | 60.49 | 76.86 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.15
= 70.93
The number of days of payables for STAAR Surgical Company has shown some fluctuations over the past five years. From 2019 to 2021, the number of days of payables decreased, indicating that the company was taking longer to pay its suppliers. However, in 2022 and 2023, there was a slight increase in the number of days of payables, suggesting that the company may have improved its payment terms.
Overall, the trend in the number of days of payables for STAAR Surgical Company indicates that the company has been managing its payables effectively, but there may have been some variability in its payment practices in recent years. It is important for the company to closely monitor its payables turnover to ensure optimal management of its working capital and supplier relationships.
Peer comparison
Dec 31, 2023